Fossil Energy
Apache Reports 1Q Adjusted Earnings of $806 Mln. Plans $4 Bln Asset Sale
Apache Corporation reported first-quarter earnings of $698 million, or $1.76 per diluted common share, and adjusted earnings, which exclude certain items that impact the comparability of operating results, of $806 million or $2.02 per share. During the first quarter, worldwide production increased t
Nexans’ Supplies Heating System for Lianzi Field Pipeline
Nexans, a France-based expert in the cable industry, has been awarded a 25 million Euro contract by Subsea 7, , to design and manufacture the direct electrical heating (DEH) system for the subsea pipelines serving the Lianzi oil field development located in a unitized offshore zone between the Repub
DNV: Offshore Safety Barriers Need Better Treatment
To avoid major accidents, safety barriers are critical to stop accident pathways before they become serious, and they need to be treated accordingly. This has to be reflected in operations and ideally in regulations. If not, safety barriers which often address rare events might lose the everyday bat
Oblique Icebreakear: Equipped for Oil Spill Response in Freezing Seas
With construction underway on the first ever Oblique Icebreaker, research specialist Aker Arctic Technology has unveiled a new version of the unique vessel type that will bring ice management and pollution control in thick first year ice to a new level. The first ARC 100 is due delivery to the Russi
Nigeria’s Offshore Simulation Training Centre Gets Kongsberg Equipment
PEM Offshore Limited has signed a multi-million dollar contract with Kongsberg Maritime for the supply of a full suite of Offshore Anchor Handling, Dynamic Positioning, Power Management and Crane Simulation systems. The new simulators will form the main infrastructure for a world-class offshore simu
Miclyn Express Offshore Partakes in Australia’s Offshore Gas Projects
Miclyn Express Offshore has entered into an agreement with Dredging International (Australia) Pty Ltd to supply an AHTS, MEO Sovereign 1, for the Chevron-operated Wheatstone Project in Western Australia. The contract will commence in May 2013 for 2 years firm. MEO has also announce that it’s 70% own
Inocean Hopes to Win Cat-I Drillship FEED from Statoil
On Tuesday 07.05.2013, at 21:00 Norwegian time, under the heading “Driving Innovation through Collaboration in the Rig Market”, Statoil revealed the first concepts competing for its CAT-I unit – A drillship designed for arctic areas. Inocean is one of three players participating in the ongoing feasi
Repsol Income, Production on the Rise
Spanish national oil company Repsol posted net income of 631 million euros in the first quarter of 2013, a rise of 1.6% from the year-earlier period at current cost of supply. Calculated based on MIFO criteria, net income was 634 million euros. The improved results are based on a strong performance
GE Presents SeaONYX BOP Control System at OTC 2013 (USA)
GE Oil & Gas is launching its next-generation SeaONYX* blowout preventer (BOP) surface control system and operator interface at the 2013 Offshore Technology Conference (OTC). Designed for high-speed, reliable performance in the demanding deepwater drilling environment, the new system incorporates GE
Talisman Names New CFO (Canada)
Talisman Energy Inc. has announced the appointment of Paul R. Smith as Chief Financial Officer (CFO), effective May 20, 2013. Paul is currently Executive Vice-President, North America, within Talisman. Scott Thomson, Talisman’s current CFO, is leaving the company to become President and Chief Execut
Wood Group Secures Pre-FEED for ConocoPhillips’ Pipelines in Indonesia
Wood Group Kenny in Indonesia (PT. Wood Group Indonesia) has been awarded a multi-million dollar, three-year general engineering services contract by ConocoPhillips Indonesia Inc. Ltd. to support all of its pipelines and related facilities in Indonesia. Jakarta-based Wood Group Kenny Indonesia will
Teras Offshore Takes Delivery of AHT Vessel
Singapore’s Teras Offshore, a subsidiary of Ezion Holdings, has taken delivery of an Anchor Handling Tug vessel from China’s Cheoy Lee shipyard. The 50 m long vessel named ‘Teras Ariel’ is designed by Wartsila Ship Design Singapore. The vessel accommodates a crew of up to 24. It is powered by twin Y
Jotun Launches ‘Next-Generation’ PFP Coating System
Jotun announced the launch of Jotachar JF750, the next-generation passive fire protection (PFP) coating system that significantly reduces installation time and cuts material costs. Following an extensive development and testing programme, the launch of Jotun’s new mesh free PFP helps owners, fabrica
Petrobras to Build Center of Excellence for Shipbuilding Industry
The plans to build a center of excellence for the shipbuilding industry in Brazil were highlighted in the presentation made by Paulo Sergio Rodrigues Alonso, Petrobras Local Content Advisor to the President and the Executive Coordinator of Prominp, during an event sponsored by the Brazil-Texas Chamb